Phillips 66 expands production to become renewable fuels leader

Phillips 66 says it’s become a leader in renewable fuels with the full conversion of its Rodeo Renewable Energy Complex in the San Francisco Bay Area.

It means the company expanded its commercial-scale production as it increased rates to nearly 50,000 barrels a day or about 800 million gallons a year and achieved its goal of achieving full capacity by the second quarter of 2024.

The announcement also marks a significant step in Phillips 66’s commitment to play a meaningful role in the energy transition and provide customers with lower-carbon solutions.

“Phillips 66 has reached another important milestone, which is a testament to our employees’ dedication to achieving our company’s strategic priorities,” said Rich Harbison, Phillips 66 executive vice president of Refining.

“The facility running at full capacity supports the growing demand for renewable fuels, lowers our carbon footprint and creates long-term value for our shareholders.”

Announced in 2020, Rodeo Renewed is designed to produce renewable diesel and sustainable aviation fuel (SAF), among other products. In addition to supplying California markets, the complex is providing renewable diesel in other areas along the West Coast.

The Rodeo complex includes new pre-treatment units that process lower carbon intensity feedstocks, such as used cooking oil, fats, greases and vegetable oil. It began producing approximately 30,000 BPD of renewable fuel at the end of the first quarter of 2024.

Source: Business Wire

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